A company with 115,325 authorized shares of $7 par common stock issued 33,748 shares at $14. Subsequently, the company declared a 2% stock dividend on a date when the market price was $27 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? When required, round your answer to the nearest dollar.

a. $4,725

b. $18,224

c. $62,276

d. $13,499